Analysts expect that CBRE Group Inc (NYSE:CBRE) will post earnings of $0.71 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for CBRE Group’s earnings. The lowest EPS estimate is $0.67 and the highest is $0.76. CBRE Group posted earnings per share of $0.65 during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.2%. The company is scheduled to report its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that CBRE Group will report full-year earnings of $3.13 per share for the current financial year, with EPS estimates ranging from $3.10 to $3.17. For the next fiscal year, analysts forecast that the firm will report earnings of $3.33 per share, with EPS estimates ranging from $3.20 to $3.45. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for CBRE Group.
CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $3.32 billion. CBRE Group had a net margin of 4.48% and a return on equity of 24.15%. CBRE Group’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the firm earned $0.43 EPS.
Several research analysts have commented on CBRE shares. ValuEngine downgraded shares of CBRE Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Raymond James raised shares of CBRE Group from an “outperform” rating to a “strong-buy” rating in a report on Thursday, May 10th. Barclays raised their price target on shares of CBRE Group from $52.00 to $56.00 and gave the company an “overweight” rating in a report on Thursday, March 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of CBRE Group from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, March 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. CBRE Group currently has an average rating of “Buy” and an average price target of $48.55.
CBRE Group traded up $0.36, hitting $48.30, on Friday, according to Marketbeat Ratings. The company’s stock had a trading volume of 1,273,749 shares, compared to its average volume of 2,050,490. The company has a market cap of $16.49 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.19 and a beta of 1.72. CBRE Group has a 12 month low of $34.38 and a 12 month high of $48.95. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40.
In other news, insider Michael J. Lafitte sold 16,775 shares of the firm’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $47.23, for a total transaction of $792,283.25. Following the sale, the insider now owns 339,780 shares in the company, valued at approximately $16,047,809.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert E. Sulentic sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $46.84, for a total transaction of $234,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,222 shares of company stock worth $1,371,056. Corporate insiders own 0.88% of the company’s stock.
Several institutional investors have recently bought and sold shares of CBRE. BlackRock Inc. purchased a new stake in shares of CBRE Group during the 1st quarter valued at $979,545,000. ValueAct Holdings L.P. purchased a new stake in shares of CBRE Group during the 1st quarter valued at $940,477,000. JPMorgan Chase & Co. purchased a new position in CBRE Group in the 1st quarter worth $631,852,000. Principal Financial Group Inc. purchased a new position in CBRE Group in the 1st quarter worth $460,482,000. Finally, Cantillon Capital Management LLC purchased a new position in CBRE Group in the 1st quarter worth $326,924,000. Hedge funds and other institutional investors own 93.00% of the company’s stock.
CBRE Group Company Profile
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.
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